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ICICI Prudential Flexicap Fund NFO

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Gaurav Seth
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ICICI Prudential Flexicap Fund NFO

ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Flexicap Fund. The scheme would be predominantly investing its assets in large-cap, mid-cap, and small-cap companies.

The New Fund Offer (NFO) starts on 28th June 2021 and will end on 12th July 2021.

Investment Objective 

The scheme’s investment objective is to generate long-term capital growth by investing its assets in equity and equity-related securities of large-cap, mid-cap, and small-cap companies.

Features

  1. The fund will be investing a minimum of 65% of its assets in the equity and equity-related securities of every market capitalization.
  2. The fund may allocate its asset in debt or money market instruments, units of InvITs, and REITs.
  3. The fund can invest in any companies across the market capitalizations & sectors.
  4. The fund does not have any restriction to allocate its assets across market capitalization.

Portfolio Construction Process

  1. Investment Philosophy - Fund aims to invest across the market opportunities through its in-house market cap model.
  2. Investment Approach - Fund will use top-down approach for identification of large-cap stocks while bottom-up approach for mid and small-cap stocks.
  3. Stock selection - Stocks will be selected on various factors like Macros, Company Fundamentals, Valuations, etc.
  4. Investment Process - Fund managers will invest across the market depending upon the attractiveness.
  5. Investment Universe - Opportunities will be identified from the universe of S&P BSE 500.
  6. Re-Balancing - The portfolio will be periodically re-balanced as per the in-house market cap model.

ICICI Flexicap Fund - Stock selection Approach

1. Top-Down Approach - Mainly used to identify opportunities in the large-cap space. It analyzes various factors like

  • Economic indicators
  • Policy response
  • Growth
  • Inflation
  • Global macros
  • Future earning potential
  • Future project pipeline

2. Bottom-Up Approach - Mainly used to identify opportunities in the mid and small-cap space. It analyzes various factors like

  • Growth outlook
  • Opportunity size
  • Management track record
  • Historical return ratios
  • Valuations

Who Should Invest?

This scheme is suitable for investors who are -

  • Interested in long-term capital growth.
  • Investors who want to invest in a well-diversified portfolio.
  • Investors who want to invest in companies across market capitalization.
  • Recommended for investors with an investment horizon of 5 years & above.

Asset Allocation Pattern

InstrumentsMinimum % of total assets (Indicative)Maximum % of total assets (Indicative)
Equity and Equity-related securities of Large-cap, Mid-cap, and Small-cap companies65%100%
Other equity-related securities0%35%
Debt & money market instruments, units of debt mutual funds0%35%
Preference shares0%10%
Units of InvITs and REITs0%10%

About the Scheme

Name of the fundICICI Prudential Flexicap Fund NFO
Fund launched byICICI Prudential Mutual Fund
Asset Management CompanyICICI Prudential Asset Management Company Limited
Type of schemeAn open-ended dynamic equity scheme primarily investing its assets in large-cap, mid-cap, and small-cap companies.
Investment ObjectiveThe scheme’s investment objective is to generate long-term capital appreciation by investing its assets in equity and equity-related securities across market capitalization.
BenchmarkS&P BSE 500 TRI
Entry LoadNot Applicable
Exit Load

-If units redeemed or switched out within 12 months - 1% of applicable NAV

-If units are redeemed or switched out after 12 months - NIL

Taxation

Taxed as Equity

-If units are redeemed within 12 months, gains are taxed as short term capital gain tax @15%

-If units are sold after 12 months, gains are taxed as long term capital gain tax @10% on the gains exceeding ₹ 1 lakh in a financial year

Minimum Application Amount ₹ 5,000 & in multiples of ₹ 1 thereafter
Minimum Additional Amount₹ 1,000 & in multiples of ₹ 1 thereafter
STP & SWPAvailable
Plans Available
  • Regular
  • Direct
Options
  • Growth
  • Payout of IDCW
  • Dividend of IDCW
Fund ManagersMr. Rajat Chandak and Ms. Priyanka Khandelwal

SIP Details

Type Minimum InstallmentsMinimum Amount
Daily SIP6₹100 & in multiples of ₹1 thereafter
Weekly SIP6₹100 & in multiples of ₹1 thereafter
Fortnightly SIP6₹100 & in multiples of ₹1 thereafter
Monthly SIP6₹100 & in multiples of ₹1 thereafter
Quarterly SIP4₹5,000 & in multiples of ₹1 thereafter

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